Stellantis has achieved $9 billion in cost reductions from merger

AUBURN HILLS, Mich. – Stellantis has achieved 8.4 billion euros ($9 billion) in cost reductions from the merger of Fiat Chrysler and PSA Groupe that created the company in January 2021, CEO Carlos Tavares said Thursday. Tavares did not go into details about where the company overachieved on the savings, but cost-cutting has been a critical mission of the veteran automotive executive. Cost-saving measures have included reshaping the company's supply chain and operations, as well as headcount reductions. Sinc ...